The Professional Ethics Executive Committee is a senior committee of the AICPA charged with the responsibility of interpreting and enforcing the AICPA Code of Professional Conduct.

    As of October 31, 2013

    Non-Authoritative Tools and Aids

    Division documents including FAQs.

    Enforcement actions, division statistics and more.

    PEEC exposure drafts, comment letters and related documents.

    PEEC

    Fact sheet, roster, meeting information (dates, agendas, minutes),etc.
    Next Meeting May 7-8, 2014

    Spotlight

    Revised AICPA Code of Professional Conduct Adopted
    On January 28, 2014 the Professional Ethics Executive Committee (PEEC) adopted a revised AICPA Code of Professional Conduct (AICPA Code). The revised Code will be effective December 15, 2014. The new conceptual frameworks and related interpretations however, will not be effective until December 15, 2015.
    PEEC Comment Letter to IESBA on Proposed Strategy and Work Plan - 2014-2018
    The American Institute of Certified Public Accountants’ (AICPA) Professional Ethics Executive Committee (PEEC) submitted a comment letter to the International Ethics Standards Board for Accountants (IESBA) on its Consultation Paper, Proposed Strategy and Work Plan, 2014-2018 (the “Proposed Strategy and Work Plan”).
    Nonattest Services Video
    The AICPA Code has had independence guidance on the nonattest services topic for well over 30 years. During this time, the guidance has been periodically updated to better reflect the current practice environment. This video will provide you with an understanding of the most recent revisions as well as an overview of the general requirements for maintaining independence when providing nonattest services.

    The AICPA Professional Ethics Executive Committee has issued an exposure draft which proposes guidance to members in public practice and business concerning “conflicts of interest”. The proposals contain a description of a conflict of interest, require the member to take reasonable steps to identify circumstances that might create a conflict of interest and require disclosure and consent while encouraging documentation of such disclosure and consent. The proposals are substantially equivalent to the International Ethics Standards Board for Accountants’ related guidance. Comments are due no later than January 27, 2014.

    The AICPA’s Professional Ethics Executive Committee (PEEC) is proposing to restructure and codify the AICPA Code of Professional Conduct (AICPA Code) so that members and other users of the AICPA Code can apply the rules and reach correct conclusions more easily and intuitively. To achieve this, PEEC is proposing to restructure the AICPA Code into several parts organized by topic, edit the AICPA Code using consistent drafting and style conventions, incorporate a conceptual framework for members in public practice and in business, revise certain AICPA Code provisions to reflect the conceptual framework approach (also known as the threats and safeguard approach), and, where applicable, reference existing nonauthoritative guidance to the relevant topic.

    The AICPA Code has had independence guidance on the nonattest services topic for well over 30 years. During this time, the guidance has been periodically updated to better reflect the current practice environment. This video will provide you with an understanding of the most recent revisions as well as an overview of the general requirements for maintaining independence when providing nonattest services.

    AICPATV 

    Ethics Hotline

    The Professional Ethics Division educates members and promotes the understanding of ethical standards contained in the Code by responding to member inquiries on the application of the Code to specific areas of practice. If you have questions, e-mail us at ethics@aicpa.org or call us at 888-777-7077.
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